Turnover for UK is growing but for all trading centres, the distribution remains stable

Singapore Dollar is 12th most traded currency

The Singapore Dollar is the 12th most traded currency, out of 182 currencies used in the world. Any individual or enterprise might be encouraged by this fact because it makes the Singapore Dollar widely recognised and accepted. On the other hand, forex traders may not be too impressed because traded currency pairs involving the Singapore Dollar probably makes up 0.7% only.

Currency pairs involving Singapore Dollar accounts up to 0.7% only

In fact traders who trade only the SingDollar currency pairs excluding the US Dollar or Euro may be a very rare species since the turnover of such pairs (non-Euro and USD pairs) add up to 4% only.

“The Singapore Dollar is one of the best currencies to invest in. Between March 1981 to September 2000, the Singapore Dollar appreciated by about 20% against the US Dollar and about 25% against the Deutsche Mark.” – MAS.

“Dear reader, I do not have a financial license to give advice. I do not know you the reader. Your financial objective and risk tolerance may be different from mine. I am not responsible for any consequence of your action.

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